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Home appreciation in Mankato, MN

Over the five years ending 2025, home prices in Mankato, MN grew an average of 7.1% a year.

Price growth at a glance

1-year

+4.5%

2025 over 2024. Minnesota: +3.6%.

5-year, per year

+7.1%

Average annual growth, 2020 to 2025. Minnesota: +6.9%.

10-year, per year

+5.6%

+72.8% in total since 2015. Minnesota: +5.9%.

How does your home compare?

Mankato, MN home prices rose 72.8% over the ten years to 2025, while its ZIP codes ranged from +62.0% to +88.6%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Mankato, MN compares with Minnesota

The metro and its state moved almost together over that window. For five-year price growth, Mankato, MN ranks 340th out of 409 metros nationwide and 4th out of 5 in Minnesota.

Index, 2005 = 100

Mankato, MN and Minnesota, quarterly house price index rebased to 100 in 2005.
YearMankato, MNMinnesota
2005 Q1100100
2005 Q2101102
2005 Q3103104
2005 Q4104105
2006 Q1103106
2006 Q2104105
2006 Q3105105
2006 Q4105106
2007 Q1107107
2007 Q2106106
2007 Q3104103
2007 Q4104103
2008 Q1104103
2008 Q2103100
2008 Q310397
2008 Q410197
2009 Q110499
2009 Q210396
2009 Q39892
2009 Q49791
2010 Q19689
2010 Q29689
2010 Q39991
2010 Q49889
2011 Q19486
2011 Q29284
2011 Q39685
2011 Q49686
2012 Q19684
2012 Q29583
2012 Q39685
2012 Q49786
2013 Q19686
2013 Q29888
2013 Q39990
2013 Q49990
2014 Q110090
2014 Q210192
2014 Q310293
2014 Q410094
2015 Q110294
2015 Q210596
2015 Q310597
2015 Q410498
2016 Q110598
2016 Q2107100
2016 Q3110102
2016 Q4110102
2017 Q1110103
2017 Q2113106
2017 Q3116108
2017 Q4116108
2018 Q1118110
2018 Q2118112
2018 Q3120114
2018 Q4120113
2019 Q1121115
2019 Q2124117
2019 Q3124118
2019 Q4125119
2020 Q1126120
2020 Q2126121
2020 Q3129124
2020 Q4131126
2021 Q1132128
2021 Q2139135
2021 Q3145141
2021 Q4145144
2022 Q1151147
2022 Q2159156
2022 Q3163155
2022 Q4161153
2023 Q1160154
2023 Q2168160
2023 Q3170161
2023 Q4170159
2024 Q1167161
2024 Q2171166
2024 Q3173167
2024 Q4178167
2025 Q1177168
2025 Q2180172
2025 Q3181173
2025 Q4183173
2026 Q1184174
2026 Q2182177

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +5.6% a year over ten years, +72.8% in total.

Over this history, home prices peaked in 2007, fell 10.3% to its 2011 low, and regained the 2007 level in 2016.

The strongest year was 2022 at +13.1%, and the weakest was 2010 at -3.2%.

In 2025 alone the index moved +4.5%, against +3.6% for the state.

ZIP codes in Mankato, MN

Over the ten years to 2025, the 7 ZIP codes FHFA measures in this metro ranged from +62.0% in 56003 to +88.6% in 56074, while the metro as a whole rose 72.8%.

ZIP codes in Mankato, MN ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
56074+6.1%+8.2%+6.6%+88.6%
56063+16.7%+9.2%+6.2%+82.4%
56055-0.5%+6.7%+5.5%+70.8%
56024+8.0%+7.3%+5.3%+67.3%
56001+3.6%+6.4%+5.2%+66.0%
56082+5.8%+6.8%+5.0%+63.2%
56003+1.8%+6.5%+4.9%+62.0%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Mankato, MN and Minnesota, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006102.5+2.5%102.7
2007103.6+1.1%101.9
2008101.0-2.6%96.8
200998.7-2.2%91.8
201095.6-3.2%87.1
201193.0-2.7%82.7
201294.6+1.8%82.3
201396.3+1.8%85.9
201498.8+2.6%89.9
2015102.4+3.6%93.6
2016106.0+3.5%98.0
2017111.7+5.4%103.6
2018116.8+4.5%109.3
2019121.3+3.8%114.1
2020125.7+3.7%119.4
2021137.7+9.5%133.1
2022155.7+13.1%148.5
2023164.0+5.3%154.2
2024169.3+3.2%160.7
2025176.9+4.5%166.5

The 5 measured metros in Minnesota

Measured metros in Minnesota ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Duluth, MN-WI+6.9%+9.6%+6.8%
2St. Cloud, MN+2.7%+7.7%+6.2%
3Rochester, MN+3.5%+7.3%+6.5%
4Mankato, MN+4.5%+7.1%+5.6%
5Minneapolis-St. Paul-Bloomington, MN-WI+3.3%+6.3%+5.8%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the Minnesota row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2